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NYISO carbon charge would result in few cost increases through 2030, study finds

Published 19:34 on September 19, 2018  /  Last updated at 19:37 on September 19, 2018  /  Americas, Carbon Taxes, US  /  No Comments

The New York grid operator’s plan to implement a carbon charge on the state’s wholesale power market would have only a minimal impact on energy prices and customer costs, according to a study by consultancy The Brattle Group.

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US moves to throttle methane regulations on public lands

Published 17:46 on September 19, 2018  /  Last updated at 17:50 on September 19, 2018  /  Americas, US  /  No Comments

The US Department of Interior’s Bureau of Land Management (BLM) on Tuesday finalised a rule to roll back Obama-era standards on capturing methane emissions from drilling on public lands, the second time in as many weeks that the Trump administration has moved to ease regulations on the potent GHGs.

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Mexico announces 2022 start to its emissions trading scheme

Published 17:10 on September 19, 2018  /  Last updated at 17:54 on September 19, 2018  /  Americas, Mexico, US  /  No Comments

Mexico plans to roll out an emissions trading system (ETS) by 2022, one year later than the country’s most recent thinking and after it will complete a three-year pilot programme starting next year, its environment ministry said in a statement.

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WCI auction to include additional past vintage supply from little-used regulatory rules

Published 19:20 on September 18, 2018  /  Last updated at 19:22 on September 18, 2018  /  Americas, US  /  No Comments

Additional past vintage carbon allowances arising from regulatory provisions will also be included in the upcoming Western Climate Initiative (WCI) auction, California officials told Carbon Pulse.

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CARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?

Published 18:46 on September 18, 2018  /  Last updated at 22:33 on September 19, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.

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Few countries are pricing carbon high enough to meet Paris Agreement targets -OECD

Published 16:43 on September 18, 2018  /  Last updated at 01:43 on September 19, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International  /  No Comments

Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a report released by the OECD on Tuesday.

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California court prepares to discontinue merits hearing, issue stay in lawsuit against San Diego offset plan

Published 23:29 on September 14, 2018  /  Last updated at 02:11 on September 15, 2018  /  Americas, US, Voluntary Market  /  No Comments

A California Superior Court is planning to end a merit hearing and issue a stay to environmental groups who have opposed a San Diego county proposal that would allow out-of-state and international offsets to compensate for new housing developments.

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Fourth WCI auction of 2018 to offer over 88 mln permits

Published 23:23 on September 14, 2018  /  Last updated at 02:08 on September 15, 2018  /  Americas, Canada, US  /  No Comments

California and Quebec will auction more than 88 million allowances on Nov. 14, with 78 mln current vintage allowances that for the first time include some unsold vintage 2017 allowances, the regulators said Friday.

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Ontario lays out arguments for legal challenge against federal carbon tax

Published 23:14 on September 14, 2018  /  Last updated at 05:14 on September 15, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Ontario government on Friday filed a legal submission arguing that the federal carbon pricing plan is outside of Ottawa’s authority and will result in unconstitutional taxes.

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US court dismisses challenge to Illinois zero emissions credit programme

Published 17:22 on September 14, 2018  /  Last updated at 05:12 on September 15, 2018  /  Americas, US  /  No Comments

A federal US court has thrown out a lawsuit against Illinois’ zero emissions credit (ZEC) regulation to subsidise nuclear energy, deciding that the mid-western state’s programme does not run up against federal authority nor does it discriminate against out-of-state competition.

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